Sunday, May 19, 2013

ANALYSIS: Naming And Shaming Tax Defaulters Across The European Union

The United Kingdom’s tax authority, Her Majesty’s Revenue and Customs, acquired the power to publish details of individuals and companies that deliberately default on their taxes under provisions within the Finance Act 2009.

The power applies to tax periods beginning on or after April 1, 2010, and, since the first deadline for submitting tax returns in respect of these tax periods has recently passed, it is expected that HMRC will begin publishing defaulters’ details on its website in the next 12 months. …

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